If I think about the type of person that seeks to get rich quick I agree.  Granted that could be most people.  To be more specific as to what that type of person that is- it is one that can not even give a respectable definition of what a true crypto is.   They probably have no clue about any of the basic components of BTC.  The dynamics between the blockchain, the software, the miners and the coin itself and how they effect each other.


BUT, to maintain the vision I have understood regarding BTC I have to disagree.

The global economy is on a downturn.  If we are on the verge of a global economic meltdown, we will see many different types of markets crash.  If this happens, it will hurt many but it will be weathered.  However if (big if) we see this happen -and then- this spirals into fiat currencies this could be a disaster.  How much fiat has been printed to combat the economic downturns caused by covid?   Fiat may be ripe for the picking.  In my opinion, when I step back and look at the big picture, covid could be hidden economic warfare.  Designed to level the global economic playing field.  This just happens to be at the same time governments and financial entities see the writing on the wall. Due to the decentralized nature of crypto, their hold is slipping and entire sectors can go the way of Kodak film, we just don't need them anymore.  Even if we did like them.

So for the people in a country that could utilize BTC to escape bank withdraw halts/restrictions or fiat crashes (like Cyprus or Argentina)  I would rather they got in at 15k vs 70k and fulfill the lifeboat "outside the system" vision that influenced the birth of BTC.

So in that sense, I'm happy to ride another dip vs economically decimating people who are in dire need by being forced to flee fiat at BTC all time highs.  I understand what effect this would have on the price of BTC, unforeseen all time highs.  But those who have to flee first (and probably the hardest hit) will benefit most because they got in at lower prices, thus providing much needed aid to that population.

Lighten up